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CNBC: America Falls Behind In Creating Rich Entrepreneurs

CNBC: America Falls Behind In Creating Rich Entrepreneurs

Published: Monday, 17 Jun 2013 | 1:03 PM ET
By: Robert Frank | CNBC Reporter & Editor

The creation myth of American wealth is almost always rooted in the entrepreneur.

It's the two kids who start a computer company in their garage or dorm room. Or the former standup comic who creates form-shaping undergarments, or the South African immigrant who creates a new electric car and private space program.

But despite the high-profile examples, America may actually be falling behind the rest of the world when it comes to creating entrepreneurial wealth. A new study from Barclays, "Origins and Legacy: the Changing Order of Wealth Creation," finds developing countries now lead the U.S. when comes to wealth creation by entrepreneurs.

Read more: http://www.cnbc.com/id/100821311